US Dollar Index advances to new cycle tops near 100.50 By pabspiovano DollarIndex Currencies Majors
US yields resume the upside following Tuesday’s correction., which gauges the greenback vs. its main competitors, keeps pushing higher and trades near the 100.50 region on Wednesday.The index extends the positive streak for the tenth session on Wednesday and navigates an area last seen back in May 2020 in the mid-100.00s, always underpinned by the firmer expectations of a tighter normalization by the Federal Reserve in the next months.
In the US cash markets, in the meantime, yields resume the upside following Tuesday’s drop after US inflation figures rose at the fastest pace since 1981 in March. Despite the uptick of consumer prices, investors appear to start perceiving that the inflation pressures could be losing some traction and that the peak could be close.space, usual weekly Mortgage Applications tracked by MBA are due in first turn seconded by Producer Prices for the month of March.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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